国网计量设备第三批开标，智能电表价格显著回升

Core Viewpoint - The recent third bidding for the State Grid's marketing project for metering devices (electric meters/collection terminals/metering transformers) has shown a significant decrease in total quantity and bid amount compared to previous years, but there is a rebound in electric meter prices due to new standards and pricing adjustments [1][2][3]. Group 1: Bidding Details - The total quantity for the recent bidding is 19.08 million units, representing a year-on-year decrease of 41% and a month-on-month decrease of 8% [1][3]. - The winning bid amount is approximately 5.53 billion yuan, which is down 34% year-on-year but up 18% month-on-month [1][3]. - The State Grid has adopted the 2025 technical standards for this batch of electric meters, which require higher measurement accuracy, environmental adaptability, and electrical performance [1][3]. Group 2: Price Trends - The average winning bid price for Class A single-phase smart electric meters is 213 yuan per unit, reflecting a year-on-year increase of 28% and a month-on-month increase of 55% [4]. - The price rebound is attributed to the implementation of the 2025 technical standards, which have higher configuration requirements [4]. Group 3: Investment Recommendations - The rebound in smart electric meter prices, driven by new standards and ongoing "anti-involution" efforts, is expected to improve the profitability and performance elasticity of related companies in the electric meter supply chain [5]. - Companies to watch include Haixing Electric, Samsung Medical, and Development Technology [5].